DA Actions Curb Food Prices, Tame Inflation to Pre-Covid Levels
Manila: The Department of Agriculture’s (DA) efforts to rein in the price of rice and other food items helped further ease inflation in April, bringing it to its lowest level before the Covid-19 pandemic. The Philippine Statistics Authority (PSA) reported Tuesday that headline inflation eased to 1.4 percent in April, the slowest since the 1.2 percent rate recorded in November 2019. According to Philippines News Agency, food inflation also decelerated significantly, dropping to 0.7 percent from 2.3 percent in March and 6.3 percent in April 2023. “We are encouraged that our initiatives to enhance supply and stabilize agricultural commodity prices